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Inflation Increases To 11.28% Due To Higher Food Prices

The National Bureau of Statistics on Friday said the Consumer Price Index which measures inflation increased to 11.28 percent (year-on-year) in November compared to 11.26 percent in the preceding month.

Food inflation was 13.30% in November as against 13.28% in October.

The 0.02 percentage points increase, the NBS explained, was caused by the increase in price in all the divisions that constitute the headline index.

The report read in part, “The highest increases were recorded in prices of major household appliances, fuels and lubricants for personal transport equipment, repair of household appliances, dental services, domestic services and household services, medical services, hospital services, vehicle spare parts, shoes and other footwear, and cleaning, repair and hire of clothing.

“The average 12-month annual rate of change of the index was 10.70 per cent for the twelve-month period ending November 2018; this is 0.2 per cent points lower than 10.90 per cent recorded in October 2018.”

The NBS report put urban inflation at 11.61 per cent (year-on-year) in November from 11.64 per cent recorded in October while the rural inflation rate increased by 10.99 per cent in November 2018 from 10.93 per cent in October 2018. On a month-on-month basis, the urban index rose by 0.83 per cent in the review period, up by 0.07 from 0.76 per cent recorded in October 2018, while the rural index also rose by 0.78 per cent in November, down by 0.06 per cent from 0.72 per cent rate recorded in October.

The NBS added that the rise in the food index was caused by an increase in the prices of bread and cereals, milk, cheese and egg, fish, vegetables, fruits, oil and fats, potatoes, yam and other tubers.